1998-1999 - The University of Scranton

ACCOUNTING
DR. CARPENTER, Chairperson
Accounting is defined as the process of recording, classifying, reporting and interpreting the financial data of an organization.
Accordingly, it plays a vital role in the financial decisions made by the management, owners and creditors of organizations.
Because of this important role, accounting has become known as the “language of business.” To fulfill the needs of students
entering this discipline, the Accounting Department of the University of Scranton offers majors in two tracks: financial
accounting and managerial accounting.
Financial accounting focuses on the needs of users outside of the organization, primarily investors and creditors. This
accounting information facilitates the investment and credit decisions that are inherent in a market economy. Many financial
accountants ultimately seek CPA certification. The financial track is best suited for those students aspiring to become CPAs.
While licensure of CPAs is separately governed by each state’s legislative body, the Accounting Department provides students
with the opportunity to satisfy the education requirements of any state in which they may aspire to become certified.
Managerial accounting focuses on the information needs of users within the organization. This information aids in planning
and controlling the organization’s activities, and in evaluating the performance of organization segments and managers. Many
managerial accountants seek certification as Certified Management Accountants (CMA). The managerial track is best suited for
those students aspiring to become CMAs.
The success of our graduates is demonstrated by their job placements. Alumni are employed by Big Six, regional, and local
public accounting firms, as well as by many notable firms in private industry. Still others are employed by governmental and
not-for-profit organizations. Students have opportunities for on-the-job training through our internship program.
ACCOUNTING- FINANCIAL ACCOUNTING TRACK
Dept. and No. Descriptive Title of Course Credits
FIRST YEAR FALL SPRING
GE S/BH ECO 153-154 Prin. of Micro-Macro Economics 3 3
GE WRTG-SPCH WRTG 107-COMM 100 Composition-Public Speaking 3 3
GE PHIL PHIL 120 Introduction to Philosophy 3
GE T/RS T/RS 121 Theology I 3
GE C/IL C/IL 102 Computer and Information Literacy 3
GE QUAN-ELECT MATH-ELECT1 Math Option- 2 courses 3 3
GE HUMN HUMN ELECT Humanities Elective 3
GE FSEM-PHED INTD 100-PHED ELECT Freshman Seminar/Physical Education 1 1
SECOND YEAR
16 16
BUS CORE ACC 251-252 Financial Accounting I-II 3 3
BUS CORE STAT 251-252 Statistics for Business I-II 3 3
BUS CORE MGT 251 Legal Environment of Business 3
GE PHIL-T/RS PHIL 210-T/RS 122 Ethics-Theology II 3 3
GE NSCI NSCI ELECTIVES Natural Science Electives 3 3
GE HUMN HUMN ELECTIVES Humanities Electives 3 3
GE ELECT ELECT3 Free Elective 3
THIRD YEAR
18 18
MAJOR ACC 361-362 Intermediate Accounting I-II 3 3
MAJOR ACC 363-364 Federal Taxes-Auditing 3 3
BUS CORE MGT 351-352 Principles of Management I-II 3 3
BUS CORE FIN 351-MKT 351 Intro. to Finance-Intro. to Marketing 3 3
BUS CORE OIM 351-OIM 352 Intro. to Mgt. Science-Intro. to Oper Mgt. 3 3
BUS CORE ECO/IB 351 Environment of Intl Business 3
GE PHILor T/RS PHIL or T/RS Elective 3
FOURTH YEAR
18 18
MAJOR ACC 460-ELECT4 Adv. Accounting-Major Elective 3 3
MAJOR ACC 461-ELECT4 Cost Accounting-Major Elective 3 3
BUS CORE OIM 471-MGT 455 Bus. Info. Mgt.-Bus. Policy & Strategy 3 3
GE HUMN HUMN ELECT2 Humanities Elective 3
GE ELECT ELECT Free Electives 3 3
GE PHED PHED ELECT Physical Education 1 1
16 13
TOTAL: 133 Credits
1 See note on Math Options in Undergraduate Catalog, page 183.
2 If EDUC 113 is required in the first semester it is taken in place of a humanities elective and is counted as a GE free elective. One GE free elective in the fourth year must then be taken as a humanities
elective.
3 If a third math course is required, it replaces this GE elective.
4 Major electives for the Financial Accounting track are ACC 365, 470, 472, 473, 474, 475 & 480. Students who plan to sit for the CPA examination in New York or New Jersey need 6 credits of Finance and
6 credits of law. For the additional course in Finance, one of FIN 361, FIN 362, or FIN 475 is recommended. ACC 470 is recommended for the additional law course.
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